Rupee Gains 4 Paise at 61.58 Against the Dollar

Business

oi-Sunil

By Sunil Fernandes

Published: Monday, November 17, 2014, 10:06 [IST]

The rupee gained four paise at to 61.68 against the US dollar in early trade today at the Interbank Foreign Exchange on selling of the US currency by exporters and banks amid sustained capital inflows.

The rupee fell 17 paise to end at nearly one-month low of 61.72 against the greenback on Friday on sustained dollar demand even as domestic equities surged to new highs.

Traders said besides selling of the American currency by exporters and banks, continued foreign fund inflows helped the local currency to strengthen, but the dollar's gains against rivals overseas and a lower opening in the domestic equity market capped the rupee's rise.

Meanwhile, the benchmark BSE Sensex fell 54 points, while the Nifty declined 18 points in early trade. Check rupee rates against the dollar here

With inputs from PTI